Bloomberg

Bloomberg News is a global newsroom covering markets, economics, policy, energy, commodities, and international trade. gCaptain republishes select Bloomberg reporting under a syndication license when stories are relevant to shipping, ports, and offshore sectors. Bloomberg stories on gCaptain are clearly labeled and may be edited for house style and format while preserving the original reporting.


Friday, March 8, 2013
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News

Container Shippers May See Boost in 2013 as European Customers Fill More Asia-Bound Boxes

(Bloomberg) — Europe-to-Asia freight rates will defy a decline in the other direction this year as exports heading east grow faster than imports, helping

March 8, 2013
Total Views: 55

Thursday, March 7, 2013
transocean
Finance

Icahn Hopes to Shake Things up at Transocean, Proposes 3 New Board Members

(Bloomberg) — Billionaire investor Carl Icahn proposed three new Transocean Ltd. board candidates and said he’d push for a higher dividend after

March 7, 2013
Total Views: 31

hanne sorensen maersk tankers
News

VLCC Market Will Take At Least 3 More Years to Recover Says Maersk Tankers CEO

(Bloomberg) — The biggest glut since 1996 in the supply of the largest oil tankers means owners will have to wait three more years for rates to recover,

March 7, 2013
Total Views: 48

golar lng carrier tanker
Finance

Pareto Securities Lowers Golar LNG to “Hold” on Reduced Near-Term Outlook

(Bloomberg) — Golar LNG Ltd., an owner of tankers hauling liquefied natural gas, was lowered to “hold” from “buy” at Pareto

March 7, 2013
Total Views: 38

Wednesday, March 6, 2013
petrobras odebrecht odn tay IV
News

Petrobras Puts the Freeze on All New Deepwater Rig Leases

(Bloomberg) — Petroleo Brasileiro SA, the world’s largest deep-water oil producer, will stop leasing new rigs as it struggles to contain costs and

March 6, 2013
Total Views: 90

mitsubishi
Finance

Mitsubishi Plans $750 Million Private-Equity Shipping Fund

(Bloomberg) — A Mitsubishi Corp. subsidiary plans to seek $750 million for a fund managed by former General Electric Co. shipping-team members that will

March 6, 2013
Total Views: 92

bhp billiton port hedland western australia bulk carrier
News

Global Shipments of Iron Ore Expected to Increase 39%, Yet Dry Bulk Market Still Looks Unprofitable

(Bloomberg) — A 39 percent jump in iron-ore cargoes over the next three years will fail to offset a surplus of the biggest ships hauling the steelmaking

March 6, 2013
Total Views: 53

Tangguah LNG
News

Once a Major Exporter, Indonesia Will Soon Import LNG to Keep Up with Demand

(Bloomberg) — Indonesia, the world’s third-largest exporter of liquefied natural gas, will start importing the fuel by 2018 to meet increasing

March 6, 2013
Total Views: 55

Tuesday, March 5, 2013
emma maersk

Maersk Line Beefing Up Singapore-Flagged Fleet

By Kyunghee Park March 6 (Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s biggest container-shipping company, plans to add more vessels

March 5, 2013
Total Views: 409

Scorpio and Tsakos Set to Profit on Increased U.S. Production of Refined Products
News

Scorpio and Tsakos Set to Profit on Increased U.S. Production of Refined Products

(Bloomberg) — Record production of so-called ultra-light oil from U.S. shale deposits will spur demand for tankers hauling refined fuels because of

March 5, 2013
Total Views: 66

conocophillips kenai lng alaska
News

ConocoPhillips to Cease Overseas Shipments of Alaskan LNG

(Bloomberg) — ConocoPhillips may cease shipments of liquefied natural gas from the U.S.’s only export terminal in Alaska because of insufficient

March 5, 2013
Total Views: 81

Monday, March 4, 2013
US Navy Freedom Class LCS
Navy

Pentagon Announces Orders for Four New LCS’

Tony Capaccio (Bloomberg) — Lockheed Martin Corp. and Austal Ltd. today received a combined $1.38 billion in orders for continued purchases of the

March 4, 2013
Total Views: 60

transocean
Finance

Icahn Applies Pressure to Transocean Board, Dividend Reinstated

(Bloomberg) — Transocean Ltd., the owner of the Deepwater Horizon rig that exploded while drilling in the U.S. Gulf of Mexico in 2010, reinstated

March 4, 2013
Total Views: 41

Dalian shipbuilding
News

Global Shipbuilding Capacity Seen a Third Lower From 2008 Peak

(Bloomberg) — Global shipbuilding capacity is about a third lower than it was at the 2008 peak as yards close or reduce employment, RS Platou Economic

March 4, 2013
Total Views: 50

iran flag
News

Iran Holds $3 Billion Credit with Turkey, Requests Ships In Lieu of Payment

(Bloomberg) — Iran has a $3 billion credit with Turkey over natural gas it sold to its neighbor and may use it to import commercial and leisure ships,

March 4, 2013
Total Views: 39

Al karaana q-flex lng carrier qatargas
News

Spot Rates for LNG Carriers Fall as Cargoes Become Scarce

(Bloomberg) — A lack of cargoes is limiting the market to ship liquefied natural gas as production needs to resume in Nigeria and start in Angola for

March 4, 2013
Total Views: 70

Saturday, March 2, 2013
CNOOC Said to Cede Operating Control of Nexen’s U.S. Gulf Assets
Offshore

CNOOC Said to Cede Operating Control of Nexen’s U.S. Gulf Assets

By Rebecca Penty and Sara Forden (Bloomberg) — Cnooc Ltd., China’s largest offshore oil and natural gas producer, was barred from controlling

March 2, 2013
Total Views: 79

Thursday, February 28, 2013
hsh nordbank deutsche bank nordlb
Finance

German Banks With Upside-Down Ship Loans Forgo Seizing Vessels

(Bloomberg) — Deutsche Bank AG and two other German lenders providing about 14 percent of credit to ship owners are forgoing seizing vessels even after

February 28, 2013
Total Views: 65

Pelican state american petroleum tankers
News

Product Tanker Owners Set to Profit on Greater Exports of U.S. Naphtha

(Bloomberg) — Rising U.S. naphtha exports could displace seaborne trade from the Middle East to boost demand for refined-oil tankers by 0.4 percent for

February 28, 2013
Total Views: 38

Shanghai Waigaoqiao Shipbuilding
Engineering News

Cargill to Order Capesize Ships as Yard Prices Hit 20-Year Low

(Bloomberg) — Cargill Inc., the agricultural trader that accounts for 2 percent of world freight, is ordering new ships in a reversal of a policy against

February 28, 2013
Total Views: 237